Spirit Airlines (SAVE) Stock Forecast, Price Target & Predictions


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SAVE Stock Forecast


Spirit Airlines stock forecast is as follows: an average price target of $17.48 (represents a 599.20% upside from SAVE’s last price of $2.50) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

SAVE Price Target


The average price target for Spirit Airlines (SAVE) is $17.48 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $2.00. This represents a potential 599.20% upside from SAVE's last price of $2.50.

SAVE Analyst Ratings


Buy

According to 11 Wall Street analysts, Spirit Airlines's rating consensus is 'Buy'. The analyst rating breakdown for SAVE stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 1 'Hold' (9.09%), 4 'Sell' (36.36%), and 0 'Strong Sell' (0.00%).

Spirit Airlines Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 16, 2024Christopher StathoulopoulosSusquehanna$2.25$2.79-19.35%-10.00%
Jul 16, 2024Thomas FitzgeraldCantor Fitzgerald$2.00$3.16-36.71%-20.00%
Jul 16, 2024Christopher StathoulopoulosSusquehanna$2.50$3.07-18.57%-
May 07, 2024Duane PfennigwerthEvercore ISI$3.00$3.44-12.92%20.00%
May 07, 2024Michael LinenbergDeutsche Bank$3.00$3.35-10.45%20.00%
Mar 27, 2024Brandon OglenskiBarclays$4.00$4.64-13.79%60.00%
Dec 20, 2022Mike LinenbergDeutsche Bank$24.00$19.2624.61%860.00%
Jul 12, 2022-Susquehanna$27.00$24.689.40%980.00%
May 03, 2022Jamie BakerJ.P. Morgan$29.00$21.4035.51%1060.00%
Jan 03, 2022Conor CunninghamMKM Partners$25.00$22.4811.21%900.00%
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The latest Spirit Airlines stock forecast, released on Aug 16, 2024 by Christopher Stathoulopoulos from Susquehanna, set a price target of $2.25, which represents a -19.35% decrease from the stock price at the time of the forecast ($2.79), and a -10.00% decrease from SAVE last price ($2.50).

Spirit Airlines Price Target by Period


1M3M12M
# Anlaysts136
Avg Price Target$2.25$2.25$2.79
Last Closing Price$2.50$2.50$2.50
Upside/Downside-10.00%-10.00%11.60%

In the current month, the average price target of Spirit Airlines stock is $2.25, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -10.00% decrease as opposed to Spirit Airlines's last price of $2.50. This month's average price target is down 0.00% compared to last quarter, and down -19.35% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 16, 2024SusquehannaNegativeNegativeHold
Jul 22, 2024CitigroupSellSellHold
Jul 16, 2024Cowen & Co.HoldSellDowngrade
Jul 16, 2024SusquehannaNegativeNegativeHold
Jul 08, 2024Deutsche BankHoldSellDowngrade
Jul 05, 2024Raymond James-UnderperformDowngrade
May 07, 2024Cowen & Co.HoldHoldHold
May 07, 2024Bank of America SecuritiesUnderperformUnderperformHold
May 07, 2024Deutsche BankHoldHoldHold
Apr 16, 2024Cowen & Co.HoldHoldHold
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Spirit Airlines's last stock rating was published by Susquehanna on Aug 16, 2024. The company gave SAVE a "Negative" rating, the same as its previous rate.

Spirit Airlines Financial Forecast


Spirit Airlines Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$1.32B$1.26B$1.43B$1.35B$1.39B$1.34B-$967.32M$987.56M$922.63M$859.31M$461.28M$498.49M$401.92M$138.53M$771.08M$969.82M$991.97M
Avg Forecast$1.35B$1.32B$1.38B$1.26B$1.25B$1.15B$1.27B$1.19B$1.25B$1.17B$1.30B$1.27B$1.32B$1.26B$1.47B$1.35B$1.39B$1.35B$1.35B$962.30M$963.13M$922.66M$817.93M$459.10M$515.98M$383.18M$105.65M$827.68M$967.32M$989.78M
High Forecast$1.48B$1.45B$1.51B$1.38B$1.37B$1.26B$1.39B$1.31B$1.37B$1.28B$1.42B$1.39B$1.44B$1.32B$1.62B$1.49B$1.52B$1.48B$1.35B$997.69M$998.55M$956.59M$848.01M$475.99M$534.95M$397.27M$109.54M$858.12M$1.00B$1.03B
Low Forecast$1.32B$1.30B$1.35B$1.24B$1.23B$1.13B$1.25B$1.17B$1.22B$1.14B$1.27B$1.25B$1.29B$1.25B$1.45B$1.33B$1.36B$1.32B$1.35B$936.60M$937.42M$898.03M$796.09M$446.84M$502.20M$372.95M$102.83M$805.58M$941.50M$963.36M
# Analysts5454434358524109988445555555544
Surprise %------------1.00%1.00%0.97%1.00%1.00%1.00%-1.01%1.03%1.00%1.05%1.00%0.97%1.05%1.31%0.93%1.00%1.00%

Spirit Airlines's average Quarter revenue forecast for Mar 24 based on 2 analysts is $1.27B, with a low forecast of $1.25B, and a high forecast of $1.39B. SAVE's average Quarter revenue forecast represents a -3.88% decrease compared to the company's last Quarter revenue of $1.32B (Dec 23).

Spirit Airlines EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358524109988445555555544
EBITDA------------$-101.48M$-80.83M$124.39M$-76.42M$65.29M$100.38M-$-112.87M$-61.35M$84.41M$-168.45M$-27.73M$-91.52M$-30.56M$-122.14M$9.29M$180.18M$188.46M
Avg Forecast$-27.73M$-27.28M$-28.37M$-25.95M$-25.74M$-23.70M$-26.15M$-24.58M$-25.64M$-24.19M$-26.73M$-242.20M$-27.12M$-25.91M$-30.33M$-220.19M$-28.60M$122.88M$-27.71M$-200.17M$-78.58M$111.71M$-241.11M$-28.39M$-80.00M$-34.26M$-79.44M$5.69M$177.23M$174.67M
High Forecast$-27.24M$-26.79M$-27.87M$-25.49M$-25.28M$-23.28M$-25.68M$-24.14M$-25.18M$-23.58M$-26.25M$-193.76M$-26.64M$-25.71M$-29.79M$-176.15M$-28.09M$147.46M$-27.71M$-160.13M$-62.87M$134.06M$-192.89M$-22.71M$-64.00M$-27.41M$-63.55M$6.83M$212.67M$209.61M
Low Forecast$-30.43M$-29.93M$-31.13M$-28.48M$-28.24M$-26.01M$-28.69M$-26.97M$-28.13M$-26.43M$-29.33M$-290.65M$-29.76M$-27.12M$-33.28M$-264.22M$-31.38M$98.31M$-27.71M$-240.20M$-94.30M$89.37M$-289.33M$-34.06M$-96.00M$-41.11M$-95.33M$4.55M$141.78M$139.74M
Surprise %------------3.74%3.12%-4.10%0.35%-2.28%0.82%-0.56%0.78%0.76%0.70%0.98%1.14%0.89%1.54%1.63%1.02%1.08%

10 analysts predict SAVE's average Quarter EBITDA for Sep 23 to be $-25.91M, with a high of $-25.71M and a low of $-27.12M. This is -120.83% lower than Spirit Airlines's previous annual EBITDA (Jun 23) of $124.39M.

Spirit Airlines Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358524109988445555555544
Net Income------------$-183.65M$-157.55M$-2.35M$-103.91M$-270.66M$-36.38M-$-194.70M$-87.16M$14.77M$-287.86M$-112.32M$-157.30M$-99.14M$-144.43M$-27.83M$81.21M$83.46M
Avg Forecast$-52.56M$-56.94M$-12.05M$-39.42M$-110.97M$-141.26M$-83.22M$-161.80M$-179.99M$-241.83M$-148.69M$-232.61M$-155.34M$-161.59M$42.57M$-211.46M$3.70M$21.51M$-50.09M$-192.24M$-111.64M$19.55M$-412.03M$-114.97M$-137.50M$-111.16M$-93.93M$-17.06M$79.88M$77.36M
High Forecast$-51.35M$-55.62M$-11.77M$-38.51M$-108.40M$-137.99M$-81.30M$-158.05M$-175.82M$-169.80M$-145.25M$-186.09M$-145.42M$-156.13M$47.95M$-169.17M$4.17M$25.81M$-50.09M$-153.79M$-89.31M$23.46M$-329.62M$-91.98M$-110.00M$-88.93M$-75.15M$-13.64M$95.86M$92.83M
Low Forecast$-59.21M$-64.14M$-13.57M$-44.41M$-125.00M$-159.13M$-93.75M$-182.26M$-202.75M$-274.76M$-167.49M$-279.13M$-170.76M$-164.86M$41.58M$-253.75M$3.62M$17.21M$-50.09M$-230.69M$-133.97M$15.64M$-494.43M$-137.97M$-165.00M$-133.39M$-112.72M$-20.47M$63.91M$61.89M
Surprise %------------1.18%0.98%-0.06%0.49%-73.09%-1.69%-1.01%0.78%0.76%0.70%0.98%1.14%0.89%1.54%1.63%1.02%1.08%

Spirit Airlines's average Quarter net income forecast for Dec 21 is $-111.64M, with a range of $-133.97M to $-89.31M. SAVE's average Quarter net income forecast represents a -855.66% decrease compared to the company's last Quarter net income of $14.77M (Sep 21).

Spirit Airlines SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358524109988445555555544
SG&A-------------$46.32M-$48.02M$46.10M$47.38M-$35.35M$37.51M$36.09M$35.26M$23.64M$22.08M$17.88M$11.35M$163.05M$162.24M$172.93M
Avg Forecast$53.54M$52.66M$54.77M$50.10M$49.68M$45.75M$50.48M$47.45M$49.50M$46.70M$51.59M$50.51M$52.35M$50.01M$58.54M$53.86M$55.21M$52.54M$53.48M$38.26M$48.05M$47.76M$50.47M$24.20M$19.30M$20.05M$7.38M$99.93M$159.58M$160.28M
High Forecast$58.75M$57.78M$60.10M$54.97M$54.51M$50.20M$55.39M$52.06M$54.31M$51.01M$56.61M$55.42M$57.44M$52.36M$64.24M$59.09M$60.58M$63.04M$53.48M$39.66M$57.65M$57.31M$60.57M$29.04M$23.16M$24.06M$8.86M$119.92M$191.50M$192.33M
Low Forecast$52.59M$51.72M$53.80M$49.21M$48.80M$44.94M$49.58M$46.60M$48.61M$45.52M$50.67M$49.61M$51.42M$49.63M$57.50M$52.90M$54.22M$42.03M$53.48M$37.24M$38.44M$38.21M$40.38M$19.36M$15.44M$16.04M$5.91M$79.95M$127.66M$128.22M
Surprise %-------------0.93%-0.89%0.84%0.90%-0.92%0.78%0.76%0.70%0.98%1.14%0.89%1.54%1.63%1.02%1.08%

Spirit Airlines's average Quarter SG&A projection for Dec 23 is $52.35M, based on 4 Wall Street analysts, with a range of $51.42M to $57.44M. The forecast indicates a 13.01% rise compared to SAVE last annual SG&A of $46.32M (Sep 23).

Spirit Airlines EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358524109988445555555544
EPS------------$-1.68$-1.44$-0.02$-0.95$-2.49$-0.33-$-1.79$-0.80$0.14$-2.73$-1.15$-1.61$-1.07$-1.81$-0.41$1.19$1.22
Avg Forecast$-0.48$-0.52$-0.11$-0.36$-1.01$-1.29$-0.76$-1.48$-1.64$-2.21$-1.36$-1.45$-1.42$-1.48$0.39$-0.85$0.03$-0.08$-0.46$-1.58$-0.87$-1.02$-0.79$-2.66$-1.47$-2.64$-2.79$-0.46$1.20$1.22
High Forecast$-0.47$-0.51$-0.11$-0.35$-0.99$-1.26$-0.74$-1.44$-1.61$-1.55$-1.33$-1.41$-1.33$-1.43$0.44$-0.83$0.04$-0.08$-0.46$-1.52$-0.84$-0.99$-0.76$-2.56$-1.42$-2.55$-2.69$-0.44$1.26$1.28
Low Forecast$-0.54$-0.59$-0.12$-0.41$-1.14$-1.45$-0.86$-1.66$-1.85$-2.51$-1.53$-1.63$-1.56$-1.51$0.38$-0.96$0.03$-0.09$-0.46$-1.65$-0.92$-1.07$-0.83$-2.78$-1.54$-2.77$-2.92$-0.48$1.16$1.18
Surprise %------------1.18%0.98%-0.05%1.12%-73.63%4.26%-1.13%0.91%-0.14%3.46%0.43%1.10%0.41%0.65%0.90%0.99%1.00%

According to 5 Wall Street analysts, Spirit Airlines's projected average Quarter EPS for Dec 21 is $-0.87, with a low estimate of $-0.92 and a high estimate of $-0.84. This represents a -724.60% decrease compared to SAVE previous annual EPS of $0.14 (Sep 21).

Spirit Airlines Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SAVESpirit Airlines$2.50$17.48599.20%Buy
ALGTAllegiant Travel Company$41.55$97.50134.66%Hold
SNCYSun Country Airlines$10.97$23.20111.49%Buy
AALAmerican Airlines Group$10.69$19.7985.13%Hold
JBLUJetBlue Airways$5.94$9.4559.09%Hold
LUVSouthwest Airlines$28.68$42.4648.05%Hold
DALDelta Air Lines$45.18$57.1626.52%Buy
UALUnited Airlines$50.22$61.1221.70%Buy
HAHawaiian$17.30$18.255.49%Hold

SAVE Forecast FAQ


Yes, according to 11 Wall Street analysts, Spirit Airlines (SAVE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of SAVE's total ratings.

Spirit Airlines (SAVE) average price target is $17.48 with a range of $2 to $35, implying a 599.20% from its last price of $2.5. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SAVE stock, the company can go up by 599.20% (from the last price of $2.5 to the average price target of $17.48), up by 1300.00% based on the highest stock price target, and down by -20.00% based on the lowest stock price target.

SAVE's average twelve months analyst stock price target of $17.48 supports the claim that Spirit Airlines can reach $4 in the near future.

1 Wall Street analyst forecast a $2.25 price target for Spirit Airlines (SAVE) this month, down -10.00% from its last price of $2.5. Compared to the last 3 and 12 months, the average price target decreased by -10.00% and increased by 11.60%, respectively.

Spirit Airlines's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.86B (high $5.34B, low $4.78B), average EBITDA is $-100M (high $-98.383M, low $-110M), average net income is $-497M (high $-486M, low $-560M), average SG&A $193.36M (high $212.17M, low $189.92M), and average EPS is $-4.541 (high $-4.436, low $-5.115). SAVE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.31B (high $5.83B, low $5.21B), average EBITDA is $-109M (high $-107M, low $-120M), average net income is $-161M (high $-157M, low $-181M), average SG&A $211.07M (high $231.6M, low $207.31M), and average EPS is $-1.47 (high $-1.436, low $-1.656).

Based on Spirit Airlines's last annual report (Dec 2023), the company's revenue was $5.36B, which missed the average analysts forecast of $5.4B by -0.73%. Apple's EBITDA was $-68.532M, missing the average prediction of $-304M by -77.42%. The company's net income was $-447M, missing the average estimation of $-486M by -7.90%. Apple's SG&A was $0, missing the average forecast of $214.76M by -100.00%. Lastly, the company's EPS was $-4.1, beating the average prediction of $-3.357 by 22.12%. In terms of the last quarterly report (Dec 2023), Spirit Airlines's revenue was $1.32B, beating the average analysts' forecast of $1.32B by 0.38%. The company's EBITDA was $-101M, beating the average prediction of $-27.119M by 274.19%. Spirit Airlines's net income was $-184M, beating the average estimation of $-155M by 18.23%. The company's SG&A was $0, missing the average forecast of $52.35M by -100.00%. Lastly, the company's EPS was $-1.68, beating the average prediction of $-1.419 by 18.43%